Chainlink (LINK) Price Prediction: Bulls Under Pressure as $12.00 Support Flips to Resistance

Chainlink (LINK) is currently trading below the $12.00 support as it attempts to find momentum on the lower timeframes. As highlighted in our previous analysis, the price retested this floor following a rejection at $14.00 and subsequently broke lower. Currently, LINK is hovering just under this key level and unless we see a decisive move back above it supported by daily candle closes, the downward trend is likely to persist. While we are identifying lower support targets, a potential relief rally in Bitcoin could provide bulls an opportunity to reclaim the $12.00 handle. With that in mind, let's examine the latest LINK charts to determine where the price could be headed in the coming days.

Our LINK Price Prediction Summary

• LINK has slipped below the critical $12.00 mark, flipping this previous floor into a resistance.
• The price remains locked in a macro downtrend characterized by lower highs, with no immediate technical signs of a reversal.
• If the bulls fail to reclaim $12.00, the $10.90 zone stands as the next major area of interest for potential support.

Analyzing the Charts

4-Hour Consolidation and Breakdown

Looking at the 4-hour chart, LINK has spent the last month oscillating within a defined range between $14.00 resistance and $12.00 support. This period of consolidation has finally come to an end with a decisive break to the downside. The most recent rejection at $14.00 sent the price tumbling with enough momentum that bulls were unable to defend the $12.00 floor. Currently, LINK is trading just below this level as buyers attempt to fight back. However, reclaiming this zone won't be easy as it will require a significant surge in momentum to flip $12.00 from a new resistance back into support. We will be watching the price action closely over the next few sessions to see if the bulls have enough strength to stage a recovery.

Range Breakdown and Macro Downtrend

Switching to the 1-day timeframe, the technical outlook becomes even clearer. The chart reveals that LINK had been trapped within this consolidation zone for over two months before finally breaking lower. While we did see a brief fake out above this range in December, the move lacked conviction and was quickly reversed. Currently, the price remains firmly entrenched in a broader macro downtrend that has persisted since the October 2025 correction. There is still no technical signal indicating a trend reversal. Instead, LINK continues to form a series of lower highs, suggesting that the correction has more room to run. This continued weakness is a primary reason why our LINK price prediction remains bearish

Potential Relief and Downside Targets

Currently, the price is attempting to break back above $12.00. As noted earlier, this move is likely being fueled by a brief relief rally in Bitcoin. However, bulls will need a significant surge in momentum to make it stick. On the other hand, if buyers fail to reclaim this level, we expect a period of consolidation below $12.00 followed by an eventual continuation of the downtrend. In this bearish scenario, the first support we are eyeing is the $10.90 area, a zone that has previously acted as a reliable floor for the price.

Final Takeaway: What is Next for LINK?

In summary, Chainlink is facing significant pressure after slipping below $12.00. The breakdown from its two-month consolidation range and the persistence of the macro downtrend indicate that sellers currently have the upper hand. While the ongoing Bitcoin-led relief rally is providing a retest of $12.00, the technical structure remains bearish until a decisive daily close above this mark is achieved. Without that shift in momentum, the trend points toward lower support levels, keeping the near-term outlook bearish.